| Loss due to Industrial Espionage and Electronic Curveillance (Evesdropping) | ||||
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Industrial espionage and electronic eavesdropping surveillance is growing at a phenomenal rate. This exploding growth has created new demands for eavesdropping devices, bug detectors, wiretap detection equipment and other TSCM (Technical Surveillance Counter-Measures) counter surveillance products and bug sweep services. For example, the U.S. State Department estimates that there are over 700,000 eavesdropping devices sold each year. This figure does not include the projected hundreds of thousands devices that are “home made” by buying individual components. The State Department also reports that over 6,500 incidents of industrial espionage occur in the United States each year with an average economic impact of $1.25 million per incident. Additionally, the American Society for Industrial Security estimates that Economic and Industrial Espionage cost Fortune 1000 companies over $53 billion in 2001. And, an annual report to Congress in 2004 on Foreign Economic Collection and Industrial Espionage estimates that such activities cost anywhere from $100 to $250 billion annually Unfortunately, these surveys and estimates do not include the over 600,000 businesses in the U.S. with more than 20 employees or the 98,000 companies with more than 100 employees.
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